Music: The concert industry suffers from poor advance sales

Although festivals, concerts and tours have been back for many months, the concert and event industry is still far from its old strength.

Music: The concert industry suffers from poor advance sales

Although festivals, concerts and tours have been back for many months, the concert and event industry is still far from its old strength. The main reasons for this are poor advance sales, excessive production costs and a lack of staff. The events with international mega-stars are often sold out, said Jens Michow, President of the Federal Association of the Concert and Event Industry, of the German Press Agency in Hamburg. "However, this does not apply to the rest and thus to the absolute majority of the current concert offers."

Because many music fans have become more reluctant to buy tickets - also due to increased costs and the Ukraine war. When the halls are half full, the events are often canceled because the often tight calculations no longer add up. This is especially the case with catch-up concerts from 2020 and 2021, because these were planned with the 2019 prices. A further complication is the acute shortage of staff in the industry.

Michow therefore hopes that state aid will continue to be paid in 2023. Otherwise, the industry will “not recover so quickly”. For 2023 he expects another very difficult year for the cultural events industry. "If not the most difficult".

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